Trent (Westside)

Trent Ltd. (portmanteau of Tata Retail Enterprise) is the retail hand of Tata group. Started in 1998, Trent operates Westside, one of the many growing retail chains in India based in Mumbai, Maharashtra, and Landmark, a bookstore chain with brick and mortar stores in various locations of India.[1]

Trent Ltd. (Westside)
Public
Traded asNSE: TRENT
IndustryRetail
Founded1998
Headquarters
Mumbai, Maharashtra
,
India
Revenue2,346 Crores (2018)
86 crores (2018)
ParentTata Group
Websitewww.westside.com

History

In 1998 Tata sold off their 50% stake in the cosmetic products company Lakmé to HUL for ₹200 crore (US$48.46 million), and created Trent from the money it made through the sale. All shareholders of Lakmé were given different shares in Trent. Simone Tata, the chairperson of Lakmé, went on to head Trent. The reason behind the sale was that Tata saw a greater growth potential in retail, and believed that it would be much more difficult for an Indian company to release new cosmetic products in a market that had opened up to global companies.

Business
  • The company has 143 retail stores measuring 8,000-34,000 sq. ft. in 82 major Indian cities under the Westside brand.
  • Zudio, an affordable fashion brand. The company has established 20 Zudio stores across 12 cities.[2]
  • Trent also operates 10 hypermarkets and 26 supermarkets under the brand Star Bazaar in eight Indian cities.[3]
  • In Aug, 2005 Trent acquired a 76% controlling stake in Landmark,[4] a Chennai-based privately owned books and music retailer, and completed 100% acquisition in April 2008.[5] Landmark currently has 16 stores.

References
  1. "Fashion for ladies & latest men's fashion | Westside brand name clothing". Mywestside.com. Archived from the original on 20 May 2011. Retrieved 23 February 2011.
  2. "Trent | Business | Tata group". www.tata.com. Retrieved 5 April 2020.
  3. "Trent's Star Bazaar comes to Bangalore". Tata.com. 14 January 2008. Retrieved 23 February 2011.
  4. "Trent acquires 76% stake in Landmark for Rs 103.6 cr". The Hindu Business Line. 31 August 2005. Retrieved 23 February 2011.
  5. "Trent buys out Landmark promoter". The Hindu Business Line. 1 May 2008. Retrieved 23 February 2011.
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